Press release
Methanol Market growth, size, opportunities, trends, regional overview, leading company analysis and Forecast 2022-2032 | Mitsubishi Gas Chemical Company Inc., Mitsui & Co. Ltd., Royal Dutch Shell plc
Methanol is an important industrial chemical and is used in a wide range of applications. It is a key component in the production of a variety of chemicals, including formaldehyde, acetic acid, and propylene oxide. Methanol is also used as a fuel and as a solvent.To Remain 'Ahead' Of Your Competitors, Request for A Sample - https://www.globalinsightservices.com/request-sample/GIS20116
Key Trends and Drivers
The key trends in the methanol market are the increased production of methanol from shale gas, the increased demand for methanol from the chemical industry, and the increased use of methanol as a fuel.
The major drivers for the growth of the methanol market include the growing demand for methanol from the construction and automotive industries, and the increasing use of methanol as a fuel. The construction industry is a major consumer of methanol, as it is used in the production of a variety of construction materials, such as adhesives, sealants, and coatings. The automotive industry is another major consumer of methanol, as it is used as a fuel and as a solvent in the production of a variety of automotive components.
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Restraints & Challenges
The major restraint for the growth of the methanol market is the health hazards associated with methanol exposure. Methanol is a toxic substance and can cause serious health problems, such as blindness, if ingested. Some of the key challenges in methanol market are stringent environmental regulations and high initial investment.
Market Segments
By Feedstock
Coal
Natural Gas
Others
By Application
Gasoline
MTO/MTP
Formaldehyde
Methyl Tertiary Butyl Ether (MTBE)
Acetic Acid
Dimethyl Ether (DME)
Methyl Methacrylate (MMA)
Biodiesel
Others
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By End-Use
Construction
Automotive
Electronics
Appliances
Paints & Coatings
Insulation
Pharmaceuticals
Packaging (PET bottles)
Solvents
Others
Key Players
Methanex Corporation
HELM Proman Methanol AG
SABIC
Yanzhou Coal Mining Co.
Zagros Petrochemical Company
Celanese Corporation
BASF SE
PETRONAS
Mitsubishi Gas Chemical Company Inc.
Mitsui & Co. Ltd.
Royal Dutch Shell plc
ExxonMobil Corporation
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Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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